Cousins Properties (NYSE:CUZ) Price Target Raised to $33.00

Cousins Properties (NYSE:CUZ) had its price objective lifted by Robert W. Baird from $31.00 to $33.00 in a report released on Monday morning, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

CUZ has been the subject of a number of other reports. Evercore ISI upped their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Wells Fargo & Company upped their target price on Cousins Properties from $26.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Barclays lifted their price target on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Truist Financial upped their price objective on Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Cousins Properties Stock Up 1.2 %

CUZ opened at $31.43 on Monday. The stock’s 50 day moving average price is $29.75 and its 200 day moving average price is $26.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $4.78 billion, a P/E ratio of 95.24, a P/E/G ratio of 4.54 and a beta of 1.29. Cousins Properties has a 12 month low of $17.85 and a 12 month high of $32.17.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The business had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. Cousins Properties’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.65 earnings per share. As a group, research analysts predict that Cousins Properties will post 2.67 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.32 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.07%. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

Insider Transactions at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 5,997 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.13, for a total transaction of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares of the company’s stock, valued at $352,440.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Cousins Properties

A number of large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue grew its position in Cousins Properties by 0.6% during the 1st quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock worth $2,128,000 after purchasing an additional 486 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Cousins Properties by 2.2% in the second quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 501 shares during the period. Signaturefd LLC grew its holdings in shares of Cousins Properties by 30.8% during the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 651 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Cousins Properties by 5.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust’s stock valued at $369,000 after buying an additional 769 shares during the period. Finally, Texas Permanent School Fund Corp lifted its stake in Cousins Properties by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 133,620 shares of the real estate investment trust’s stock worth $3,093,000 after acquiring an additional 790 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.